With the unemployment rate in the veterinary profession dipping below 1% and a less than one applicant to veterinarian job ratio, hiring and retaining an associate veterinarian can seem like an impossible task. Candidates have more options for placement and are...

Once you have developed a better idea of what you want your practice to look like, you can create a business plan that will start putting your goals into motion. A business plan is a written document that describes in detail how a new business will achieve its...

Acquiring and starting your own veterinary practice can be overwhelming. You might be thinking, “Where do I start?” “How do I handle financing, payroll, patients?”! This article is the first of several articles that guides you step-by-step toward owning your own...

An Employer-provided educational assistance program can provide an excellent fringe benefit to attract and retain talented employees. In addition, both the employer and the employee can both receive a tax benefit under the program. An employee may receive, on a...

The question of “should I buy a car for my business” is probably the most often asked question I receive from business owners. I mean, why not! The lure of being able to receive a business deduction for an expense you already incur sounds like a tax win! ...

THE IMPORTANCE OF SAYING NO – WHY SAYING YES IS COSTING YOU TIME AND MONEY I have a wonderful young dentist as a client looking to buy her first practice. She is energetic, proficient and I have no doubt, she will be successful throughout her career in...

Have you ever wondered how your veterinary practice is performing compared to those of your peers? It doesn’t matter whether you have a community or a competitor mindset, it is only natural to want to know how your practice is performing in comparison others in the...

So what can we learn from eating pastrami? Last week I was fortunate enough to attend a St. Louis Cardinals baseball game with my networking group. As I was meandering for a bite to eat, I stumbled upon a familiar sight! Kohn’s deli has a stand INSIDE Busch...

Very few people who go into business enjoy doing their own books. In fact, we suspect you might even hate your financials, and we get it. A question we like to ask all new clients when we sense their eyes glazing over is when we bring up the subject of their...

The new tax law is full of good (and bad) changes to the tax law. I’ve put together a list of tax law changes that you may not have heard about, but nonetheless could be a welcomed surprise when you file your taxes in 2019 for the 2018 tax year. The Child Tax Credit...

Tax Reform: Last Minute Tax Moves Tax reform is on the way. At Stopp & VanHoy we are on top of the changes and will have complete coverage of all the planning you need for your business. The tax law will be effective for the 2018 tax year. That means there is...

We are excited to announce a great new relationship! Stopp & VanHoy is now a Partner for Progress with the Missouri Veterinary Medical Association (MVMA). This wonderful partnership will provide the opportunity for Missouri Veterinarians looking for tax saving...

As we continue to fly through 2017, the new year will be here in a blink. With so many holidays, activities, and gatherings coming up, it can be easy to lose track of the more mundane, administrative tasks such as submitting claims to a Flexible Spending Account or...

I recently went to dinner with another couple that owns a CPA firm an hour away. I met them a couple years ago in a networking group and we have become good friends. I am so thankful to have met them as we have been able to share great ideas for both of our firms as...

Over the past few years, it is not uncommon to hear that a major company was the victim of a hack resulting in individuals’ sensitive data being stolen. In fact, last month there was a data breach at Equifax that was estimated to affect nearly half of the U.S....

No one gets into business just because they enjoy keeping the books for it. Even as a CPA, I don’t enjoy the monotony of month-end closing entries and invoicing customers/paying the bills. That may surprise a lot of people, but really…who does enjoy it? If you are...

Today is Friday and I’m emotionally spent. As a CPA, you would think I spend most of my time working on numbers and spreadsheets but often times when I talk to clients, friends and business partners, what’s on their mind is not their financial statements but what is...

We all comparison shop. At the grocery store, I spent an inordinate amount of time comparing brands by reading the label, checking the prices. I even have a subscription to Consumer Reports for big purchases. I use travel sites that compare travel deals when I go...

Turning your monthly financial statements from a requirement into a tool for your business When I meet with prospective small business clients that currently receive financial statements from their accountant or generate monthly financial statements on their own, the...

Franchise ownership is on the rise. The franchise industry is expected to expand by 1.6% in 2017 and franchise employment is expected to increase by 3.3% to 7.8 million workers. Because of the opportunity in the industry, many executives in corporate america see it as...

Warren Buffet once said: “It’s good to learn from your mistakes. It’s better to learn from other people’s mistakes.” I wish I was better at learning from other people’s mistakes to avoid making so many of my own. I’ve made some incredible...

As the labor market becomes more and more competitive, businesses are looking for innovative ways to provide employees extra perks at the workplace. One workplace benefit that is often used is through employer provided meals. By understanding the rules related to...

Questions on vehicle purchases and sales might be the most often asked business tax question we receive at our firm. Factors such as cash flow, sale proceeds versus trade-in credit and the time it takes to sell a vehicle outright are all important factors in the...

Starting a new business is stressful enough without worrying about all of the tax compliance that comes with it. Between sales taxes, payroll taxes and income taxes, it’s enough to start your head spinning. Fortunately, you can take advantage of these five tax...

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